Teaching plan for the course unit

 

 

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General information

 

Course unit name: Finance II

Course unit code: 364561

Academic year: 2025-2026

Coordinator: Emilio Batlle Molina

Department: Department of Business

Credits: 6

Single program: No definit

 

 

Prior considerations

 

Some of the links to course materials are posted on the Virtual Campus.

 

 

Estimated learning time

Total number of hours 150

 

Face-to-face and/or online activities

60

 

-  Lecture with practical component

Face-to-face

 

15

 

-  Practical exercises

Face-to-face

 

45

Supervised project

40

Independent learning

50

 

 

Competences / Learning outcomes to be gained during study

 

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CB3 - Ability to gather and interpret relevant data (usually within the field of study) to inform judgements that include reflection on relevant social, scientific or ethical issues.

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CG8 - Capacity to communicate in English and/or other foreign languages orally and in writing, comprehension skills, and mastery of specialized language.

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CG1 - Commitment to ethical practice (critical and self-critical skills and attitudes that comply with ethical and deontological principles).

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CE10 - Ability to take planning and organizational decisions in an international busniess context.

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CE9 - Ability to use quantitative methods to solve real problems in different business areas.

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CE3 - Understanding of the structure and operation of international markets, to detect the potential implications of increasing internationalization and the new global framework.

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CE1 - Capacity to analyse the international operations of business organizations and interpret their responses to economic, social, cultural and legislative factors in an international setting.

Learning objectives

 

Referring to knowledge

— Become familiar with the main types of decisions in corporate finance, such as financing, investment projects and dividend decisions.
— Know and study different business valuation techniques. 
— Analyse the financial structure of a company and determine the average cost of financing (WACC).
— Become familiar with mergers and acquisition operations in the corporate world.

 

Referring to abilities, skills

— Acquire an understanding of the specific financial techniques used for investment appraisal and company valuation.
— Acquire an understanding of Excel functions in financial analysis.
— Acquire the skills necessary to comprehend English terminology and vocabulary used in corporate finance.

 

Referring to attitudes, values and norms

— Understand the subjectivity of financial decisions in real-life situations and understand the importance of ethics in the context of financial crises.

 

 

Teaching blocks

 

1. Introduction to corporate finance

*  Definition of a corporation; types of corporate financial decisions; financial crises

2. Mergers and acquisitions

*  Reasons for M&A; types of M&A; process of buying and selling firms; due diligence and leveraged buyouts

3. Investment project analysis

*  NPV; TIR; choosing between mutually exclusive projects; treatment of inflation and taxation; basic probability analysis applied to investment decisions

4. Capital structure, cost of capital and valuation of a firm

*  Capital structure; financial leverage; WACC; valuation using multiples; DCF and expected dividends

 

 

Teaching methods and general organization

 

The teaching methodology combines lectures with a practical component and complementary activities (case studies, exercises, IT practicals, etc.), completed individually or in small groups, either in class or at home. The teaching hours are distributed as follows: 

— Weekly sessions: Two 1.5-hour sessions are held. These combine theoretical explanations with practical examples to support the achievement of the learning objectives. 

— Practical/tutorial sessions: One 1-hour session per week. This session is used to address the students’ questions, review exercises and work on specific practical exercises or cases. These sessions are carried out in small groups every two weeks.

Students are provided with PowerPoint slides for each topic. These include key concepts, examples, explanations, and suggested readings. The Virtual Campus is also the place where students can consult their grades and other information about the assessment procedure. It is used to provide access to other types of support material, including videos and the Excel templates used for IT assignments in the computer rooms.

Attendance at all on-campus activities is important to follow the course successfully. However, students who opt not to attend are encouraged to study the bibliography for each topic and to complete all the exercises and case studies independently. Solutions to course assignments are posted on the Virtual Campus. Students opting for continuous assessment must attend all the practical sessions, as some assessed exercises are carried out and submitted during these sessions.

 

 

Official assessment of learning outcomes

 

Continuous assessment

Continuous assessment requires active participation throughout the semester and consists of the following:

 

a) M&A project: Analysis of three press releases on recent corporate transactions, linking them to the content covered in Topics 2 and 3 of the program (as explained on the first day of class and available on the Virtual Campus). The project is completed in groups of up to six students. A written report of approximately six pages is required, along with a 15–20 minute class presentation supported by PowerPoint (or similar). This is worth 20% of the final grade.

b) Multiple-choice test: A test of 15–20 questions covering Topic 1 and Topics 4–7 of the program (uploaded to the Virtual Campus). Topics 2 and 3 are not included in this exam. This is worth 30% of the final grade.

c) Final exam: Covering Topics 8 to 12 (uploaded to the Virtual Campus) and worth 50% of the final grade.

d) Attendance: Attendance at all sessions is compulsory, including those at the end of the semester in which continuous assessment students give their presentations.

 

Examination-based assessment

Single assessment consists of a final examination worth 100% of the final grade and covering the whole course syllabus.

The exam consists of two parts—one theoretical and one practical. The final grade is only calculated if the student obtains at least 3 out of 10 points in each part. (It does not include a multiple-choice section.) Each part accounts for 50% of the final grade. A final grade can only be calculated if students obtain at least 3 points out of 10 on each part.

 

 

Reading and study resources

Check availability in Cercabib

Book

BERK, Jonathan;  DeMARZO, Peter M. Corporate finance. Boston : Pearson, 2014

Catāleg UB  Enllaç

BREALEY, Richard A., MYERS, Stewart C., ALLEN, Franklin. Principles of corporate finance. 12th ed. Maydenhead, Berkshire : McGraw-Hill Education, cop.2017

Catāleg UB  Enllaç

DAMODARAN, Aswath. Applied corporate finance : a user’s manual. 2nd ed. Hoboken, NJ : John Wiley & Sons, 2006

Catāleg UB  Enllaç

DURBAN OLIVA, Salvador (dir). Finanzas Corporativas. Madrid: Pirámide, 2017.

Catāleg UB  Enllaç

FERNÁNDEZ, Ana Isabel; GARCÍA OLALLA, Myriam. Las decisiones Financieras de la Empresa. Barcelona: Ariel, 1992.

Catāleg UB  Enllaç

MASCAREÑAS PÉREZ-IÑIGO, Juan. Fusiones, adquisiciones y valoración de empresas. 5a ed. Madrid : Ecobook, 2011

Versiķ en línia (6a ed., 2019)  Enllaç

MASCAREÑAS PÉREZ-IÑIGO, Juan (ed). Finanzas para directivos. Madrid: Pearson Educación, 2010.

Catāleg UB  Enllaç

SUÁREZ SUÁREZ, AS. Decisiones óptimas de inversión y financiación en la empresa. 22a ed. Madrid : Pirámide, 2014

Catāleg UB  Enllaç

Journal

Portillo Tarragona, María Pilar. El impacto fiscal en la selección de proyectos de inversión. Estrategia Financiera. Febrero de 2005, núm. 214, p. 28-35.